Straco announced that its insurance claim for SG Flyer stoppage is facing resistance from insurer due to exclusion clauses (Haha...insurers!). From investor pt of view, not a big issue as it is a one-off event.

Straco had $193 million cash (net cash:$146 m) as at end 1Q2018. With SG Flyer up and running, by end-2Q, cash should go past $200 million. The market cap is $650 million, valuing the operating assets at only $500 m when they generate about $50 m profit annually.